Alpha Channel and Layer Effects
Unfortunately I found a glitch with my previous workaround. Once the glow is on it's own layer and I select it's transparency, it assumes the opacity of the glow effect, in this case 75%. I can't use it to generate an alpha because the entire glow is semi-transparent (as opposed to the edges only). When I import the image with the alpha in to another program, the entire image is semi- transparent.
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